The Week that Was: Indian Startup News Overview (17th February-22nd February)


Funding News: AI-led Digital Interaction Startup 'Ikonz Studios' nets $5 million in Pre-Series A

Startup: Ikonz Studios

Founder: Abinav Varma Kalidindi

About us: Ikonz Studios creates hyper-realistic avatars using generative AI and holographic technology, revolutionizing interaction in sectors including retail, healthcare, banking, and education. The Hyderabad-based company is committed to developing its AI technology by fusing image recognition with real-time voice and video processing.

Founded Year: 2021

Office: Hyderabad

Sector: Advertising

Funding Round: Pre-Series A

Investors: Marc Jordan, Madhusudan Kela, Akash Bhanshali, and Ramana Thummu

Ikonz Studios, a company that specializes in holographic technology and hyper-realistic, multilingual digital avatars, has received $5 million in strategic capital from Marc Jordan as part of its ongoing Pre-Series A round.

Ikonz Studios said in a press release that the money will be used to scale its IP portfolio, improve AI capabilities, and expedite its global expansion. Ikonz Studios creates hyper-realistic avatars using generative AI and holographic technology, revolutionizing interaction in sectors including retail, healthcare, banking, and education.

Abinav Varma Kalidindi, Founder and CEO of Ikonz Studios says, “This investment is a testament to the transformative potential of Ikonz Studios in redefining AI-driven experiences. With the support of industry visionaries like Ramana, Marc, Mr Kela, and Mr. Bhanshali, we are poised to scale our impact globally—expanding our IP, strengthening our technology, and enhancing the way people interact with AI. Our goal is not just to lead in AI innovation but to revolutionize storytelling, brand engagement, and digital interactions at a scale never seen before”.

Website: https://www.ikonz.club/